UK inflation hits all-time high of 9% in April

MADRID, 18 May.

UK inflation hits all-time high of 9% in April


The inflation rate in the United Kingdom stood at 9% last April, compared to 7% registered in March, which represents the largest increase in prices since records exist, as reported on Wednesday by the British Office for National Statistics (ONS).

The agency has indicated that this is the highest year-on-year inflation rate recorded in a month of the current historical series, which began in January 1997. It is also the highest price rise observed in the extended series, which began in January from 1989.

The estimation models prior to that date managed by the ONS (which do not record) suggest that inflation would only have registered a higher level around 1982. The ONS estimates indicate that the range for that year is 6.5% estimated for December of that year, up to 11% in January of that date.

In monthly terms, prices registered an increase of 2.5% in the fourth month of the year, while in the previous month the increase had been 1.1%.

The increase comes after the British energy market regulator raised the cap on electricity prices by 54% on April 1 in response to higher gas prices.


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